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13939 Old Texaco Rd 22,220 SF 100% Leased Industrial Building Conroe, TX 77302 $2,300,000 ($103.51/SF) 7.57% Cap Rate
Investment Highlights
- Close to Highway 105
- Long term Tenancy
- Unrestricted
Executive Summary
Long-term tenant has renewed for an additional five-year term, with a lease in place from July 1, 2026 through July 1, 2031, providing stable and predictable income. The property is a 22,220-square-foot industrial/manufacturing facility situated on approximately 2.5 acres in Conroe, Texas. Improvements include a 9,000-square-foot warehouse and a 7,200-square-foot warehouse, connected by a 4,800-square-foot covered canopy that can be enclosed to create additional usable space. The site also features approximately 1,220 square feet of office space, including four private offices, a restroom, and a kitchenette. The acreage is high and dry, and the property is positioned along the northwest line of Old Texaco Road, just southwest of FM 3083, offering convenient access and functionality for industrial users.
Property Facts
| Price | $2,300,000 | Rentable Building Area | 22,220 SF |
| Price Per SF | $103.51 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2009 |
| Cap Rate | 7.57% | Parking Ratio | 0.9/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 2.56 AC | Opportunity Zone |
Yes
|
| Zoning | 1 | ||
| Price | $2,300,000 |
| Price Per SF | $103.51 |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.56 AC |
| Rentable Building Area | 22,220 SF |
| No. Stories | 1 |
| Year Built | 2009 |
| Parking Ratio | 0.9/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | 1 |
Amenities
- Fenced Lot
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0244-02-01500 | Improvements Assessment | $715,927 |
| Land Assessment | $224,073 | Total Assessment | $940,000 |
Property Taxes
Parcel Number
0244-02-01500
Land Assessment
$224,073
Improvements Assessment
$715,927
Total Assessment
$940,000
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13939 Old Texaco Rd
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